Thursday, August 13, 2009

Quote Of The Day

Health care economics in a nutshell:
Health care in the US is covered by three main systems -- Medicare, medicaid, and private insurance.

Two of these systems are bankrupt, and will be unable to make payments beyond [2017].

The third is solvent, and can make all of its payments for the foreseeable future.

Barack Obama's plan is to take the one system meeting its obligations and fold it into the two systems that are bankrupt.
(Via InsureBlog and Ace of Spades)